Beware of the IRS, H&S Warns its Crypto Customers

U.S. tax preparation company H&R Block is advising its customers not to consider evading the Inland Revenue Service (IRS) by not reporting their cryptocurrency transactions 

Don’t Worry About Accuracy, Just Report Crypto Taxes

According to Yahoo Finance, H&R Block has told its crypto-owning customers to heed the IRS’ call for crypto tax compliance. In new guidelines shared by the company, the U.S. tax preparation firm encouraged its customers to try and take the initiative concerning the filing of their crypto tax returns.

Commenting on the matter, Kathy Pickering, chief tax officer at the company, remarked:

The IRS is looking for people to self-report. They’re looking for you to come forward, and they’ll be more lenient, even if you don’t get it right, if you’re disclosing.

As previously reported by Bitcoinist, the IRS has stepped up efforts to ensure stricter compliance with tax reporting guidelines for crypto owners. At the start of the year, the U.S. tax agency…